Fed Cuts Rate by 0.25%: Crypto Market Reacts with $239M in Liquidations

The Federal Reserve reduced its key interest rate by 25 basis points and signaled future cautious cuts. Following the announcement, the crypto market saw a massive $239 million in liquidations in just minutes. Bitcoin briefly dipped below $100k before recovering slightly, while other major tokens like Ethereum, Solana, and XRP also followed suit.

In the last 24 hours, the total crypto asset liquidations reached $853 million, with Ethereum leading the charge at $134.9 million. As the Fed takes a more cautious approach, the dollar could strengthen, potentially reducing investments in alternative assets like cryptocurrencies.

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